Announced
Financials
Tags
Private
Single Bidder
Acquisition
Friendly
China
Integrated Oil and Gas
natural gas
natural gas compression
Pending
lateral natural gas pipelines
Domestic
Majority
Synopsis
PipeChina, China's state-owned natural gas pipeline company, agreed to acquire majority stakes in Beijing natural gas pipeline and Dalian LNG from Kunlun Energy, a natural gas company for $6.3bn. Kunlun Energy will sell a 60% stake in a Beijing natural gas pipeline and a 75% stake in its Dalian LNG company. PipeChina will pay for the Kunlun Energy assets in cash in two installments.
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